Regarding the legitimacy of MGTM forex broker, it provides CYSEC, and .
Is MGTM safe?
Rating Index
Business
License
CYSEC Unsubscribed 
Is MGTM markets regulated?
The regulatory license is the strongest proof.
CYSEC Market Maker (MM)
Cyprus Securities and Exchange Commission
Cyprus Securities and Exchange Commission
Current Status:
UnsubscribedLicense Type:
Market Maker (MM)
Licensed Entity:
M.G.T.M. Financial Services Ltd
Effective Date:
2015-03-26Email Address of Licensed Institution:
info@mgtmfs.com53748:
No SharingWebsite of Licensed Institution:
--Expiration Time:
--Address of Licensed Institution:
6, Vasili Vryionides STreeT, 2nd Floor, CY-3095 LiMassolPhone Number of Licensed Institution:
+357 25 760 377Licensed Institution Certified Documents:
MGTM Legitimacy of similar brokers
MGTM latest industry rating score is 1.56, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 1.56 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.